Applied Project Management - Oil and Gas

1. Overview of Project Management Concepts and Definitions

2. Project Management principles and performance domains

3. From strategy to project definition, planning and execution

4. Project Lifecycle

5. Value creation and delivery through projects

6. The Business Case for project approval

7. Financial appraisal review (NPV, IRR, PBP)

8. Scope management review

9. Project Definition through a Project Canvas

10. About the elements of the initial definition

11. About the Project Team

The learning objectives of day one will be for participants to understand the application of the Capital Value Process in relation to a case study, including the financial appraisal of selected options.  Then, the participants working in teams, will apply other elements of the project management process starting with the definition of the scope, using a project from their work environment, which will serve as a case study throughout the remainder of the course.

1. Stakeholder Management

2. Requirements gathering and definition

3. WBS tools overview

4. Roles and Responsibilities Matrix

5. Estimating techniques review 

6. Review network planning and scheduling

7. Scheduling with Microsoft Project (demo)

8. Advanced scheduling techniques

9. Three Horizons scheduling model

By the end of day two participants should be capable of decomposing the scope of the project using a WBS and applying network planning techniques to the case study project. This will involve manual methods but will also cover a demonstration on the use of Microsoft Project.                  

1. Review resource management

2. Review Resource leveling techniques

3. Budgeting and Cost Planning

4. Cost Estimating Techniques

5. Budgeting techniques

6. Risk management process review

7. Identifying risks

8. Review qualitative risk analysis

9. Review quantitative risk analysis

10. Review decision tree analysis

11. Contingency fund calculation

12. Risk response planning

13. Review risk monitoring

14. Overview of @Risk™ for Project

On day three participants will review cost estimating and budgeting techniques, having the opportunity to produce a Parametric Estimate of their projects. Additionally, the course will cover a thorough review of the risk management process including identification, qualitative and quantitative risk analysis, prioritization, risk response planning and risk monitoring and control, applying the whole qualitative cycle to the case study project.  Learning objectives will also include moving into the quantitative aspect of risk and using software to quantitatively assess the budget risks for the case study.

1. Communication planning

2. Quality planning

3. Procurement planning

4. Integrated Baseline review

5. Project Execution

6. Review of project monitoring and control process

7. Main elements to monitor and control

8. Scope monitor and control

9. Schedule monitor and control

10. Cash flow and cost control

11. Earned Value Management

12. Project reports and dashboards

13. Other monitoring and controlling techniques

14. Change control process

15. Project Closing review

The learning objectives of day four will include the understanding of key techniques for monitoring and controlling both the schedule and budget during the execution phase of the project, as well as understanding the need to effectively manage cash flow.

1. Principles of project reviews

2. Projects’ case study presentations

By the end of day five participants should be able to effectively carry out a review of a project and then present the results of those reviews to senior management.